Duty Free International Inc. began its process of management succession yesterday as it handed Alfred Carfora, its chief operating officer, the titles of president and co-chief executive officer.
Mr. Carfora, 42, who had been executive vice president of the Ridgefield, Conn.-based company, will share the CEO duties with incumbent John A. Couri, 52, who added the position of chairman.
David H. Bernstein, 58, a Baltimorean who had been chairman of DFI, became chairman of the executive committee of the board.
The company said Mr. Bernstein, who is also a member of the Orioles ownership group and a participant in Leonard "Boogie" Weinglass' efforts to secure a National Football League team for Baltimore, would remain responsible for supplier and investor relations.
Duty Free, which operates one of its divisions and a large operations center in Glen Burnie, operates duty-free and other retail stores along the Mexican and Canadian borders, in several major ports and in international airports.
It also provides services for diplomats and cruise ships, as well as acting as wholesaler to other duty-free operators, out of its Glen Burnie facility.
The succession announced yesterday was portrayed as an amicable one.
"David and I are personally gratified by the board's decision to have Alfred Carfora assume the presidency of our company, and to have Al join me as co-chief executive officer," a statement from Mr. Couri said.
Mr. Couri said Mr. Carfora, a veteran of 20 years in the duty-free industry, was one of the founders of Duty Free International and has had extensive management experience in all phases of its operations.
Mr. Couri said he would focus on DFI's growth and expansion opportunities, while Mr. Carfora would concentrate on daily operations.